People First Mortgage Rates, Fees & Info
Allentown, PALEI: 5493007ZNQ6MSZ2J3966
Tax ID: 23-1381044
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Mortgage Data
Review & Overview
People First is a smaller mortgage company specializing in Refi and Home Purchase loans. People First has a high proportion of conventional loans. Their top markets by origination volume include: Allentown, Reading, Philadelphia, Harrisburg, and East Stroudsburg among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)People First has a below average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Originations
298Origination Dollar Volume (All Markets)
$21,350,000Top Markets
Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 280 | $19,620,000 | $70,071 | $0 | 0.00% |
| READING, PA (FHA|USDA|VA) | 7 | $715,000 | $102,143 | $0 | 0.00% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 4 | $420,000 | $105,000 | $0 | 0.00% |
| Outside of Metro Areas | 2 | $270,000 | $135,000 | $0 | 0.00% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 3 | $85,000 | $28,333 | $0 | 0.00% |
| Pottsville, PA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 0.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 298 | $21,350,000 | $71,644 | $0 | 0.00% |
For 2018, People First's most frequently originated type of loan was Conventional, with 298 originations.
Loan Reason
For 2018, People First's most frequently cited loan purpose was Home Improvement, with 99 originations. The 2nd most popular reason was Refi, with 93 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 298 | $21,350,000 | $71,644 | $0 | 0.00% |
For 2018, People First's most frequently cited loan duration was Other, with 298 originations.
Loan Sizing
2018 saw People First place emphasis on $100,000 or less loans with 237 originations, totaling $9,325,000 in origination value.
Applicant Income
People First lent most frequently to those with incomes in the $50k-75k range, with 77 originations. The second most popular income band? $100k-150k, with 75 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 298 | $21,350,000 | $71,644 | $0 | 0.00% |
People First lent most frequently to those with DTI ratios of Exempt%, with 298 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications66.43%
People First has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination84.23%
People First has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 298 | $21,350,000 | $71,644 |